BankruptcyProfBlog

"The face value of U.S. bankruptcy claims traded in September was the highest since July 2010, according to a report released on Wednesday. The value of claims traded in September doubled from August to $4.52 billion, according to SecondMarket, which...

"A bipartisan bill sponsored by leaders of the House Judiciary Committee may strip Delaware of its status as the premier venue for U.S. bankruptcy cases, costing the state’s economy an estimated $100 million a year. Lamar Smith, the Texas Republican...

"Seeking to stave off a state takeover of its beleaguered budget, the city of Harrisburg, Pa., filed for a rare Chapter 9 municipal bankruptcy on Wednesday. Harrisburg, the Pennsylvania capital that previously defaulted on its debt, cited a 'continued erosion...

"Los Angeles Dodgers will be allowed to continue to use its lawyers to represent it in its bankruptcy petition, a day after the Major League Baseball withdrew a motion to disqualify the team's lawyers. In court papers filed with a...

"Innkeepers USA Trust will try to persuade a judge to force would-be buyers to proceed with their planned $1.12 billion acquisition of some of its hotels as a trial begins on Monday in a U.S. bankruptcy court. Innkeepers, the bankrupt...